Malaysian glovemakers suffer RM3.6b export revenue loss during US import ban
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Singapore
THE Malaysian Rubber Gloves Manufacturers Association (Margma) has clarified an earlier response in parliament that there was a potential glove export revenue loss of RM3.6 billion (S$1.2 billion) for all Malaysian glove manufacturers over the span of the Withhold Release Order (WRO) imposed by the US Customs and Border Protection (CBP), instead of just Top Glove.
In a written parliamentary reply on Tuesday (Mar 1), Malaysia's Ministry of International Trade and Industry (MITI) said Top Glove Corporation alone had booked a loss of RM3.6 billion over the WRO period. The ministry had attributed this estimated figure to information from Margma.
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